香港聯合交易所有限公司（「聯交所」）GEM的特色 WAN LEADER INTERNATIONAL LIMITED 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 萬勵達國際有限公司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：8482） 截至二零二五年九月三十日止六個月的 中期業績公告 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券承 受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 ...

Financial Performance - The Group recorded a revenue of approximately HK$36.7 million for the six months ended 30 September 2025, representing an increase of approximately 0.2% compared to HK$36.6 million for the preceding period[9]. - The Group's loss for the period was approximately HK$4.1 million, a significant improvement from a loss of approximately HK$27.0 million in the preceding period, mainly due to decreased distribution costs and administrative expenses[10]. - The gross profit for the period was HK$634,000, down from HK$1,157,000 in the previous year, indicating a decline of 45.0%[101]. - The loss before income tax for the period was HK$4,078,000, significantly improved from a loss of HK$26,325,000 in the same period of 2024, reflecting a reduction of 84.5%[101]. - The total comprehensive expense for the period was approximately HK$2.8 million, down from approximately HK$26.3 million in the preceding period, attributed to a gain on disposal of subsidiaries of HK$6.1 million[27]. - The Company reported a loss for the period of HK$4,078,000 for the six months ended September 30, 2025[108]. - The loss attributable to owners of the company was HK$4,078,000, a significant improvement compared to a loss of HK$22,382,000 in the same period last year[168]. Revenue Breakdown - The advertising services business recorded a revenue of approximately HK$36.7 million, an increase of approximately 5.3% from approximately HK$34.8 million in the preceding period, driven by recovering market sentiments[15]. - For the six months ended 30 September 2025, total revenue from external customers was HK$36,684,000, compared to HK$36,604,000 for the same period in 2024, representing an increase of 0.22%[143]. - Sales of health care products were HK$1,633,000 for the six months ended 30 September 2025, down from HK$36,604,000 in the previous period, indicating a significant decline[145]. - Advertising service income increased to HK$36,684,000 from HK$34,826,000, reflecting a growth of approximately 5.3%[145]. - Sales of new energy batteries were HK$145,000 for the six months ended 30 September 2025, a decrease from HK$229,000 in the previous period[145]. Expenses and Cost Management - Administrative expenses decreased by approximately 57.2% to approximately HK$11.2 million, down from approximately HK$26.2 million in the preceding period, primarily due to reduced professional fees and business expenditures following the disposal of subsidiaries[25]. - The total staff costs amounted to approximately HK$1.0 million as of September 30, 2025, a decrease from approximately HK$3.6 million for the same period in 2024[49]. - Employee benefit expenses, including directors' remuneration, decreased to HK$1,031,000 from HK$3,596,000, a decline of 71.4%[158]. - The Group's finance costs decreased significantly from approximately HK$1.0 million to approximately HK$0.3 million compared to the preceding period[26]. Cash Flow and Liquidity - As of 30 September 2025, the Group had cash and cash equivalents of approximately HK$0.7 million, an increase from approximately HK$0.1 million as of 31 March 2025, primarily due to fund-raising activities[31]. - The Group's current ratio was approximately 2.47, lower than 2.78 as of 31 March 2025, but still considered acceptable[31]. - The company's cash and cash equivalents increased to HK$721,000 as of September 30, 2025, up from HK$111,000 as of March 31, 2025, marking a substantial increase of over 549%[104]. - Net cash used in operating activities decreased to HK$572,000 from HK$3,130,000 year-over-year, indicating improved operational efficiency[112]. - Total cash and cash equivalents at the end of the reporting period were HK$721,000, a decrease from HK$27,329,000 at the beginning of the period[112]. Share Capital and Financing Activities - On July 18, 2025, the company raised approximately HK$1.45 million through the placement of 18,341,363 new shares at a price of HK$0.081 per share[39]. - The Group plans to raise gross proceeds of up to approximately HK$6.93 million through a rights issue, offering 11,555,058 rights shares at HK$0.60 per share, with estimated net proceeds of approximately HK$6.2 million after expenses[59]. - On September 25, 2025, the Group entered into a placing agreement to issue up to 3,851,686 new shares at HK$0.78 per share, raising approximately HK$2.9 million for general working capital[56]. - The total issued and fully paid ordinary shares as of September 30, 2025, were 19,258,000, reflecting a capital consolidation[185]. - The share capital increased from HK$37,000 as of March 31, 2025, to HK$39,000 as of September 30, 2025, reflecting a growth of 5.4%[105]. Corporate Governance and Compliance - The Company has complied with all code provisions of the Corporate Governance Code for the six months ended September 30, 2025[85]. - The Audit Committee reviewed the unaudited interim report and confirmed compliance with applicable accounting standards and GEM Listing Rules[96]. - The financial statements have been prepared in accordance with HKAS 34, ensuring compliance with relevant accounting standards[116]. - The Group does not anticipate any material impact from the adoption of new HKFRS Accounting Standards in future periods[122]. Future Outlook and Strategy - The Group anticipates a clearer outlook for its advertising business in 2026 due to improving macroeconomic conditions and market environment[65]. - The focus will shift towards hyper-targeted marketing campaigns leveraging artificial intelligence and machine learning to enhance consumer engagement and conversion rates[66]. - The Group aims to expand investments in digital media, particularly in augmented and virtual reality, to capture new audiences and strengthen existing customer relationships[67]. - The Company aims to achieve excellence and believes that innovative strategies will drive revenue growth and expand market share in 2026 and beyond[74].

Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 28.6 million, a decrease of 33.9% compared to HKD 43.3 million for the same period in 2024[3] - The gross loss margin for the six months ended September 30, 2025, was approximately 13.1%, compared to 9.0% for the same period in 2024[3] - The group's loss before tax for the six months ended September 30, 2025, was approximately HKD 10.3 million, slightly improved from a loss of HKD 10.5 million for the same period in 2024[3] - The basic loss per share for the six months ended September 30, 2025, was approximately HKD 1.66, compared to HKD 1.69 for the same period in 2024[3] - Total revenue for the six months ended September 30, 2025, was HKD 28,606,000, a decline of 34.0% compared to HKD 43,338,000 for the same period in 2024[16] - The company reported a pre-tax loss of HKD 10,290,000 for the six months ended September 30, 2025, compared to a pre-tax loss of HKD 10,491,000 for the same period in 2024[22] - Basic loss per share attributable to the owners of the company for the six months ended September 30, 2025, was HKD 0.0166, slightly improved from HKD 0.0169 in the same period of 2024[25] - Total loss attributable to owners for the six months ended September 30, 2025, was approximately HKD 10.3 million, consistent with approximately HKD 10.5 million for the six months ended September 30, 2024[47] Assets and Liabilities - Non-current assets as of September 30, 2025, totaled HKD 10.4 million, down from HKD 17.0 million as of March 31, 2025[6] - Current assets as of September 30, 2025, were HKD 178.3 million, slightly decreased from HKD 180.3 million as of March 31, 2025[6] - Current liabilities as of September 30, 2025, were HKD 34.4 million, an increase from HKD 32.7 million as of March 31, 2025[6] - Total equity as of September 30, 2025, was HKD 154.3 million, down from HKD 164.6 million as of March 31, 2025[6] - Trade receivables as of September 30, 2025, amounted to HKD 8,157,000, a significant increase from HKD 2,550,000 as of March 31, 2025[29] - The expected credit loss provision for trade receivables increased to HKD 80,000 as of September 30, 2025, compared to HKD 24,000 as of March 31, 2025[29] - Total liabilities, including trade payables and other payables, increased to HKD 31,938,000 as of September 30, 2025, from HKD 30,609,000 as of March 31, 2025[35] Revenue Breakdown - Revenue from renovation and extension engineering services for the six months ended September 30, 2025, was HKD 20,912,000, a decrease of 27.6% from HKD 28,896,000 in the same period of 2024[16] - Revenue from civil engineering services for the six months ended September 30, 2025, was HKD 7,694,000, down 46.6% from HKD 14,442,000 in the same period of 2024[16] Dividends and Shareholder Information - The board did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[3] - The company declared a final dividend of HKD 0.04 per ordinary share, totaling HKD 24,800,000, payable on October 17, 2025[37] - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, and the total amount of final dividend paid for the year ended March 31, 2025, was HKD 24,800,000[24] - The major shareholder, Kyosei Technology Inc., holds 465 million shares, representing 75% of the company[60] Corporate Governance - The company has adopted the corporate governance code as per the listing rules[62] - The company has complied with all corporate governance code provisions as of September 30, 2025, and will continue to review and enhance its governance practices[63] - The company has adopted the standard code for securities trading as per the listing rules, confirming compliance by all directors as of September 30, 2025[64] - The board of directors includes both executive and non-executive members, ensuring a diverse governance structure[74] - The audit committee, consisting of three independent non-executive directors, has reviewed and approved the interim financial results, which have not been audited[73] Employee and Operational Information - The total employee cost for the six months ended September 30, 2025, was approximately HKD 9.3 million, a decrease from HKD 11.9 million for the same period in 2024[55] - The group employed 49 full-time employees as of September 30, 2025, an increase from 40 full-time employees as of September 30, 2024[55] - The company is strategically preparing for a moderate market recovery in Hong Kong in 2025, focusing on public sector contracts and diversifying its client base to mitigate cyclical fluctuations[40] Future Outlook and Strategic Plans - The company is currently evaluating the impact of new accounting standards that are expected to be adopted, but believes they are unlikely to have a significant effect on the financial statements[14] - There are no significant future plans for major investments or capital assets as of September 30, 2025[54] - The company has no significant capital commitments or contingent liabilities as of September 30, 2025[52] - There were no major investments, acquisitions, or disposals of subsidiaries or associates during the six months ended September 30, 2025[53] Reporting and Transparency - The interim report for the six months ending September 30, 2025, will be sent to shareholders and available on the company's website and the Hong Kong Stock Exchange website[74] - The announcement reflects the company's ongoing efforts to keep stakeholders informed about its financial health[74] - The report will likely include key performance indicators and metrics relevant to investors[74] - The company aims to enhance shareholder value through effective communication of its financial status[74] - The announcement is part of the company's regular reporting cycle, highlighting its commitment to corporate governance[74]

Financial Performance - The Group recorded a revenue of approximately HK$36.7 million for the six months ended 30 September 2025, representing an increase of approximately 0.2% compared to HK$36.6 million for the same period in 2024[12]. - The Group reported a loss of approximately HK$4.1 million for the Period, a significant improvement from a loss of approximately HK$27.0 million in the preceding period, mainly due to reduced distribution costs and administrative expenses[13]. - The advertising services segment generated revenue of approximately HK$36.7 million, up approximately 5.3% from HK$34.8 million in the preceding period, attributed to recovering market sentiments[18]. - The Group's administrative expenses decreased by approximately 57.2% to approximately HK$11.2 million, down from approximately HK$26.2 million in the preceding period[28][31]. - Finance costs significantly decreased from approximately HK$1.0 million to approximately HK$0.3 million compared to the preceding period[29][32]. - The Group recorded a loss of approximately HK$4.1 million for the period, a significant decrease from a loss of approximately HK$27.0 million in the preceding period, primarily due to a gain on disposal of subsidiaries of HK$6.1 million[30][33]. - Gross profit decreased to HK$634,000, down 45.1% from HK$1,157,000 year-over-year[104]. - Loss before income tax improved to HK$4,078,000, a significant reduction of 84.5% from HK$26,325,000 in the previous year[104]. - Total comprehensive expense for the period was HK$2,835,000, a decrease from HK$26,309,000 in the prior year, reflecting improved financial performance[105]. - The company reported a basic and diluted loss per share of HK(21.91) cents, a significant improvement from HK(383.48) cents in the previous year[105]. - Loss attributable to owners of the Company for the six months ended 30 September 2025 was HK$4,078,000, a significant improvement from HK$22,382,000 in the same period of 2024, representing an 81.8% reduction[171]. Cash Flow and Liquidity - As of 30 September 2025, the Group had cash and cash equivalents of approximately HK$0.7 million, an increase from approximately HK$0.1 million as of 31 March 2025[34][36]. - The net cash used in operating activities for the six months ended September 30, 2025, is HK$572,000, an improvement from HK$3,130,000 in the same period of 2024[115]. - The company generated net cash of HK$1,168,000 from financing activities, compared to HK$24,315,000 in the previous year, primarily due to a decrease in proceeds from borrowings[115]. - The cash and cash equivalents at the end of the reporting period are HK$721,000, down from HK$27,329,000 at the beginning of the period[115]. - Interest income from loan receivables increased to HK$664,000 for the six months ended 30 September 2025, compared to HK$378,000 in 2024[156]. - Cash and cash equivalents increased to HK$721,000 from HK$111,000, indicating improved liquidity[107]. Segment Disposals and Operations - The Group has disposed of its new energy batteries segment, resulting in no revenue from this segment during the Period[20]. - The new energy off-road vehicles segment was also disposed of, with no revenue recorded from sales during the Period[21]. - The health care products segment was disposed of, leading to no revenue from this segment during the Period[22]. - The Group plans to closely monitor existing operations and allocate resources proportionately to maintain steady operations and capture business opportunities in the second half of the year[19]. - The focus will shift primarily to advertising and marketing, following the sale of other business segments during the year[73]. Future Outlook and Strategy - The Group anticipates a clearer outlook for the advertising business in 2026 due to improving macroeconomic conditions and market environment[68]. - The Group plans to focus on hyper-targeted campaigns leveraging artificial intelligence and machine learning to enhance consumer engagement and conversion rates[69]. - The Group aims to expand investment in digital media, particularly in augmented and virtual reality, to capture new audiences and strengthen existing customer relationships[70]. - The Group emphasizes data-driven strategies and innovative digital platforms to create personalized marketing experiences, aiming for transformative growth in the advertising and marketing sector[73]. - Sustainability and social responsibility will remain core to the Group's operations, aligning brand value with contemporary consumer ideals[73]. - The Group is committed to optimizing strategies to ensure agility in a rapidly changing environment, laying the foundation for future success[73]. Share Capital and Corporate Governance - The Company implemented a share consolidation, consolidating every 20 shares into one share, effective from 23 September 2025[38][40]. - The share option scheme, effective from April 6, 2023, has a mandate limit refreshed to 10% of issued shares, with 382,114 shares available for issue as of the report date[81]. - The number of share options available for grant under the scheme decreased from 7,642,281 at the beginning of the period to 382,114 at the end of the period[82]. - The company has complied with all code provisions of the Corporate Governance Code for the six months ended September 30, 2025[88]. - The Audit Committee reviewed the unaudited interim report for the six months ended September 30, 2025, confirming compliance with applicable accounting standards and GEM Listing Rules[99]. - The company has maintained a code of conduct regarding Directors' securities transactions, which has been complied with during the reporting period[91]. Shareholder Information - As of September 30, 2025, there were no substantial shareholders with interests or short positions in the shares of the Company that required disclosure[80]. - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[167]. - The provision for PRC Enterprise Income Tax was calculated at a standard rate of 25%, with the group qualifying for a preferential income tax rate of 5% on profits not exceeding RMB3 million from 1 January 2023 to 31 December 2027[165]. Assets and Liabilities - Current assets decreased to HK$95,019,000 from HK$97,514,000, while current liabilities increased to HK$38,487,000 from HK$35,039,000[107]. - Net current assets stood at HK$56,532,000, down from HK$62,475,000 as of March 31, 2025[107]. - The Group's total liabilities as of September 30, 2025, were HK$38,487,000, with segment liabilities from advertising at HK$38,247,000[141]. - The equity attributable to owners of the company decreased to HK$56,911,000 from HK$63,800,000, reflecting changes in the company's financial position[108]. - The company reported a total comprehensive income of HK$ (2,943,000) for the period, which includes an exchange difference of HK$ (458,000) and a reclassification of reserve upon disposal of subsidiaries amounting to HK$1,593,000[111].

Financial Performance - Total revenue for the year ended August 31, 2025, was RMB 1,180,049, a decrease of 3.9% compared to RMB 1,228,462 in 2024[4] - Domestic revenue decreased by 5.4% to RMB 446,626 from RMB 472,308 in the previous year[4] - Overseas revenue decreased by 3.0% to RMB 733,423 from RMB 756,154 in 2024[4] - Net profit for the year was RMB 308,877, a significant increase of 1,891.1% from RMB 15,513 in 2024[4] - Basic earnings per share rose to RMB 10.54, up 1,926.9% from RMB 0.52 in the previous year[4] - Adjusted EBITDA for the year was RMB 500,988, reflecting a slight increase of 0.7% from RMB 497,527 in 2024[4] - The EBITDA for the year was RMB 690,094, an increase of 47.3% from RMB 468,634 in 2024[4] - The group's revenue for the fiscal year ending August 31, 2025, was RMB 1,180,000,000, compared to RMB 1,228,500,000 for the fiscal year ending August 31, 2024, indicating a decrease of approximately 3.9%[40] - The profit for the fiscal year 2025 was RMB 308,900,000, a significant increase from RMB 15,500,000 in fiscal year 2024, representing a growth of over 1,900%[40] - Pre-tax profit increased significantly from RMB 80,600,000 in FY2024 to RMB 427,300,000 in FY2025, representing 36.2% of total revenue[49] - Tax expenses rose from RMB 65,100,000 in FY2024 to RMB 118,400,000 in FY2025, mainly due to withholding tax provisions of RMB 49,000,000[50] - The total comprehensive income for the year ending August 31, 2025, was RMB 343,545,000, compared to RMB 56,722,000 for the previous year[64] Enrollment and Student Statistics - The total number of enrolled students decreased from 9,390 at the end of the 2023/2024 academic year to 8,385 at the end of the 2024/2025 academic year, a reduction of 1,005 students or 10.7%[25] - The number of kindergartens in China decreased from 12 to 9, primarily due to declining birth rates and shrinking school-age populations[29] - The number of students in Chinese high schools was 3,164, accounting for 37.8% of total enrollment in 2024/2025, compared to 3,195 students or 34.0% in 2023/2024[25] Strategic Initiatives and Partnerships - The company has expanded its international school operations to Malaysia and Singapore, enhancing its presence in Asia[11] - The group has established partnerships with global educational institutions, enhancing its curriculum's credibility[11] - The group has established a strategic 1+3 articulation program with Arizona State University, providing opportunities for graduates to experience a one-year undergraduate program in China[16] - The group has partnerships with over 23 key universities in China, including Beijing Foreign Studies University and Central University of Finance and Economics, offering a dual-track graduation pathway[17] - The group launched the Honor Class in February 2024, aimed at enhancing brand competitiveness and providing a direct pathway to top universities like Yale and Cambridge[19] - The group has established long-term partnerships with numerous global universities to simplify the admission process for graduates[18] - The group aims to expand its overseas presence by establishing Maple Leaf brand schools, responding to the growing demand for quality bilingual education[37] Operational Changes and Future Plans - The group plans to optimize its enrollment strategy and enhance its position in the international education market through global marketing efforts and participation in international education exhibitions[26] - The group has decided to implement measures to optimize its operational structure and mitigate the impact of the Implementation Rules, including transferring existing high school students to independent high schools[22] - The group will continue to apply for independent operating licenses for eight mixed high schools to increase the number of independent high schools and enrollment numbers[27] - The group plans to implement its seventh five-year plan from the 2025/2026 academic year to the 2029/2030 academic year, marking a strategic evolution in international education[34] Financial Position and Assets - As of August 31, 2025, cash and bank balances were RMB 901,300,000, an increase from RMB 564,800,000 as of August 31, 2024[53] - The company's capital-to-debt ratio decreased from 1.03 for the year ending August 31, 2024, to 0.88 for the year ending August 31, 2025, primarily due to an increase in total equity[56] - Non-current assets totaled RMB 5,331,781 thousand in 2025, slightly down from RMB 5,315,428 thousand in 2024, indicating a decrease of approximately 0.3%[65] - Current assets increased to RMB 1,130,300 thousand in 2025 from RMB 886,252 thousand in 2024, representing a growth of about 27.5%[65] - Total liabilities decreased from RMB 3,192,411 thousand in 2024 to RMB 2,986,557 thousand in 2025, a reduction of approximately 6.4%[66] - Net assets rose to RMB 1,870,279 thousand in 2025, up from RMB 1,551,354 thousand in 2024, reflecting an increase of around 20.6%[66] Governance and Compliance - The company maintains a high level of corporate governance standards, ensuring shareholder interests and accountability[117][118] - The company has adopted the corporate governance code and has complied with all applicable provisions, except for the separation of the roles of Chairman and CEO[118][120] - The audit committee has reviewed the audited consolidated financial statements for the year ending August 31, 2025, in consultation with the independent auditor[125] Market and Product Development - The company invested $200 million in R&D for new technologies, aiming to enhance product offerings[131] - Market expansion efforts in Asia resulted in a 25% increase in market share[131] - The company completed a strategic acquisition for $1 billion, enhancing its capabilities in AI technology[131] - New product launches contributed to a 20% increase in sales in the last quarter[131]

Financial Performance - For the fiscal year ending August 31, 2025, the company reported total revenue of RMB 1,790,614,000, representing a 9.8% increase from RMB 1,631,496,000 in 2024[5] - Gross profit for the same period was RMB 970,712,000, up 1.6% from RMB 955,503,000 in the previous year[5] - Profit before tax increased by 7.6% to RMB 846,942,000 compared to RMB 786,913,000 in 2024[5] - The net profit for the year was RMB 835,546,000, reflecting a 7.4% growth from RMB 778,171,000 in 2024[5] - Adjusted net profit, excluding share-based compensation and foreign exchange gains/losses, was RMB 836,875,000, a 5.9% increase from RMB 789,883,000[5] - Basic earnings per share rose to RMB 0.70 from RMB 0.65, while diluted earnings per share increased to RMB 0.68 from RMB 0.63[7] - Revenue for the reporting period rose by 9.8% to RMB 1,790.6 million, driven primarily by an increase in student enrollment[68] - Adjusted net profit increased by RMB 47.0 million or 5.9% year-over-year, reaching RMB 836.9 million[67] - Gross profit for the reporting period was RMB 970.7 million, with a gross margin of 54.2%, down from 58.6% in the previous year[67][71] Assets and Liabilities - Non-current assets totaled RMB 5,130,215,000, slightly down from RMB 5,248,388,000 in 2024[8] - Current assets increased to RMB 2,604,027,000 from RMB 2,005,442,000, with trade and other receivables rising to RMB 1,771,717,000[8] - The company's total equity reached RMB 4,611,857,000, up from RMB 3,883,903,000 in the previous year[8] - The total borrowings amount to RMB 1,958,530,000 in 2025, down from RMB 2,248,190,000 in 2024, indicating a reduction of about 12.9%[40] - The company has unsecured loans totaling RMB 936,100,000 as of August 31, 2025, up from RMB 722,700,000 in 2024, marking an increase of about 29.5%[39] - The company's accounts payable and other payables totaled RMB 437,187,000 in 2025, an increase from RMB 395,688,000 in 2024, reflecting a growth of approximately 10.5%[38] Revenue Sources - The company operates primarily in the private higher education sector in China, generating revenue from tuition and accommodation fees[12] - Tuition fees increased to RMB 1,636,432,000 in 2025, up 10.1% from RMB 1,486,406,000 in 2024[14] - Other income rose to RMB 137,394,000 in 2025, compared to RMB 128,788,000 in 2024, marking a 6.3% increase[16] - The health college saw a significant revenue increase of 42.5%, from RMB 96.7 million to RMB 137.8 million, attributed to higher student enrollment[68] Student Enrollment - The total number of students at Shangqiu College for the 2024/2025 academic year is 26,165, representing a 4.5% increase from 25,046 in the previous year[56] - The total number of enrolled students increased by 6.4% from 103,301 in the previous academic year to 109,952 in the 2024/2025 academic year[57] - Anyang College has a total of 26,143 students for the 2024/2025 academic year, reflecting a 9.0% decrease from 28,738[56] Strategic Initiatives - The company aims to transform Tianping College into an independent private university by September 2026, with a new campus planned in Nanjing covering approximately 600,000 square meters[55] - The company emphasizes the integration of industry and education, focusing on applied talent cultivation and strengthening school-enterprise cooperation[48] - Strategic initiatives include deploying the DeepSeek R1 model to enhance AI education and improve teaching and learning environments[63] Financial Management - The company reported a decrease in financing costs to RMB 62,969,000 in 2025 from RMB 95,720,000 in 2024, a reduction of 34.2%[19] - Administrative expenses rose by 4.0% to RMB 197.5 million for the year ending August 31, 2025, compared to RMB 190.0 million in the previous year, primarily due to new property management costs[75] - The total salary cost for the reporting period was RMB 459.6 million, compared to RMB 356.2 million for the year ending August 31, 2024[90] Dividends and Governance - The company did not declare a final dividend for the year ended August 31, 2025, compared to a final dividend of RMB 0.0924 per share in 2024[23] - The board does not recommend the payment of a final dividend for the year ending August 31, 2025[92] - The company has adopted and complied with the Corporate Governance Code as per the Listing Rules during the reporting period[95] Audit and Compliance - The Audit Committee, consisting of three independent non-executive directors, has reviewed the audited consolidated financial statements for the year ending August 31, 2025[98] - The annual results announcement will be published on the Hong Kong Stock Exchange and the company's website[100]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 103,365,000, an increase of 5.2% compared to HKD 98,072,000 for the same period in 2024[4] - The company achieved a profit before tax of HKD 7,636,000, a significant turnaround from a loss of HKD 2,386,000 in the previous year[4] - The net profit for the period was HKD 7,678,000, compared to a loss of HKD 2,143,000 in the same period last year[4] - Basic and diluted earnings per share for the period were HKD 0.83, compared to a loss per share of HKD 0.25 in the previous year[6] - The operating profit for the bars and restaurants segment was HKD 8,570,000, compared to a loss of HKD 1,363,000 for the same period in 2024[18][19] - Revenue from bar and restaurant operations for the six months ended September 30, 2025, was HKD 102,975,000, an increase of 5.5% compared to HKD 97,785,000 for the same period in 2024[26] - Total revenue from external customers for the six months ended September 30, 2025, was HKD 103,365,000, up 5.2% from HKD 98,072,000 in 2024[24] - Gross profit from restaurant and bar operations was HKD 77.6 million, up 6.6% from HKD 72.8 million in the previous period, with a gross margin of 75.4%[45] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 158,811,000, up from HKD 156,099,000 as of March 31, 2025[7] - The company's total liabilities decreased to HKD 138,505,000 from HKD 143,865,000, indicating improved financial stability[8] - The net asset value increased to HKD 20,306,000 from HKD 12,234,000, reflecting a stronger equity position[8] - The group reported total assets of HKD 158,811,000 and total liabilities of HKD 138,505,000 as of September 30, 2025, resulting in a net asset value of HKD 20,306,000[21] - The group's total bank borrowings as of September 30, 2025, are approximately HKD 50.9 million, down from HKD 54.5 million as of March 31, 2025[64] - The asset-liability ratio improved to 571% as of September 30, 2025, from 1,026% as of March 31, 2025[64] Cash Flow and Financing - The company has a bank loan covenant breach amounting to HKD 39,613,000, but management expects to rectify this by June 19, 2026[14] - The group plans to improve liquidity by potentially selling properties used as collateral for bank financing[14] - The company is considering applying for additional loans under the SME Financing Guarantee Scheme provided by the Hong Kong government[14] - The group incurred a financing cost of HKD 438,000 for the six months ended September 30, 2025[18] - Financing costs for the six months ended September 30, 2025, totaled HKD 1,803,000, a decrease of 29.5% from HKD 2,563,000 in 2024[30] - Financing costs decreased to HKD 1.8 million, a reduction of 30.8% from HKD 2.6 million in the previous period, attributed to lower bank loan amounts and interest rates[54] Employee and Operational Costs - The company reported a total employee cost of HKD 34,720,000 for the six months ended September 30, 2025, an increase of 7.1% from HKD 32,415,000 in 2024[31] - Employee costs rose to HKD 34.7 million, a 7.1% increase from HKD 32.4 million in the previous period, driven by the hiring of more full-time staff due to an increase in the number of bars[49] - Other operating expenses increased by 9.4% to HKD 15.1 million, up from HKD 13.8 million in the previous period, due to the increase in the number of bars and restaurants operated[53] Corporate Governance and Compliance - The company has complied with all applicable provisions of the Corporate Governance Code, except for the separation of the roles of Chairman and CEO, which are held by the same individual since January 28, 2025[76] - The audit committee, consisting of three independent non-executive directors, has reviewed the interim results and has no objections to the company's accounting policies and internal controls[79] - The company has violated covenants on bank borrowings amounting to HKD 39,613,000 as of September 30, 2025[81] Share Incentive Plan - A total of 9,632,000 shares were vested as part of the share incentive plan during the period, with a weighted average closing price of HKD 0.04 prior to the vesting date[73] - The group has adopted a new share incentive plan on September 29, 2023, allowing for the granting of share rewards to directors and employees[71] - As of September 30, 2025, the number of rewards available for grant under the share scheme is 57,104,000 shares, unchanged since April 1, 2025[75] Subsequent Events and Announcements - There have been no significant subsequent events after the reporting period up to the date of this announcement[80] - The announcement has been published on the Hong Kong Stock Exchange website and the company's website[82]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Ev Dynamics (Holdings) Limited 科軒動力（控股）有限公司 （於百慕達註冊成立之有限公司） （股份代號：476） 截至二零二五年九月三十日止 六個月之中期業績公告 科 軒 動 力（控 股）有 限 公 司（「本 公 司」）之 董 事 會（「董 事 會」）欣 然 宣 佈 本 公 司 及 其 附 屬公司（「本集團」）截至二零二五年九月三十日止六個月之未經審核綜合中期業績。 簡明綜合損益及其他全面收益表 截至二零二五年九月三十日止六個月 | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | | （未經審核） | （未經審核） | | | 附 註 | 千港元 | 千港元 | | 收 益 | 6 | 5,298 | 2,156 | | 銷售 ...

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 1,236,227,000, a slight increase of 0.4% compared to HKD 1,224,709,000 for the same period in 2024[3] - The gross profit for the same period was HKD 1,567,000, a significant decrease of 86.0% from HKD 11,260,000 in 2024[3] - Operating profit increased to HKD 12,779,000, up 541.5% from HKD 1,990,000 in the previous year[3] - The profit attributable to owners of the company from continuing operations was HKD 12,750,000, compared to HKD 1,566,000 in 2024, marking an increase of 715.5%[4] - The total comprehensive income for the period was HKD 7,798,000, up 37.5% from HKD 5,666,000 in the same period last year[4] - Basic earnings per share from continuing and discontinued operations was HKD 0.75, an increase from HKD 0.41 in 2024[4] Assets and Liabilities - The company's total assets as of September 30, 2025, were HKD 736,392,000, compared to HKD 662,102,000 as of March 31, 2025[5] - Current liabilities decreased to HKD 201,014,000 from HKD 417,972,000, indicating improved liquidity[5] - The net assets attributable to owners of the company increased to HKD 155,842,000 from HKD 148,006,000[6] - Trade receivables as of September 30, 2025, amounted to HKD 93,422,000, a decrease from HKD 100,694,000 as of March 31, 2025[33] - Trade payables as of September 30, 2025, amounted to HKD 114.8 million, an increase from HKD 96.8 million as of March 31, 2025[36] Revenue Breakdown - Revenue from external customers in Hong Kong was HKD 117,775 thousand for the six months ended September 30, 2025, down from HKD 240,097 thousand in 2024, indicating a decline of approximately 51%[16] - Revenue from external customers in China (excluding Hong Kong) increased to HKD 1,118,452 thousand in 2025 from HKD 984,612 thousand in 2024, representing a growth of about 13.6%[16] - For the six months ended September 30, 2025, the group recorded revenue from continuing operations of approximately HKD 1,236 million, a slight increase of about 1% compared to HKD 1,225 million in the same period last year[47] - The supply chain management segment recorded revenue of approximately HKD 1,236 million, including material trading revenue of HKD 1,232 million and transportation service revenue of HKD 3.98 million[50] Discontinued Operations - For the six months ended September 30, 2025, the company reported a loss attributable to discontinued operations of HKD 8,113,000, compared to a profit of HKD 602,000 for the same period in 2024[24] - Revenue from customer contracts for discontinued operations was HKD 125,203,000, down 41.7% from HKD 214,777,000 in the previous year[24] - The company incurred service costs of HKD 114,713,000 for discontinued operations, a decrease of 41.7% from HKD 196,921,000 in the prior year[24] - The basic and diluted loss per share from discontinued operations was HKD 1.305, compared to earnings of HKD 0.114 per share in the previous year[32] Strategic Decisions and Future Outlook - The company has not disclosed specific future outlook or guidance in the provided documents[3][4][5][6] - The group has terminated three business segments during the reporting period, which are not included in the reported segment information[14] - The group is currently evaluating the impact of HKFRS 18 on the presentation and disclosure of its consolidated financial statements[11] - The group anticipates that the fair value of the target group after deducting selling costs will be approximately equal to the total book value of the related assets and liabilities[39] - The company aims to reallocate significant financial resources from the discontinued construction business to expand its supply chain management operations[60] Corporate Governance and Compliance - The company has established a remuneration policy linked to performance to attract and retain talent, considering financial conditions and industry benchmarks during performance evaluations[76] - The audit committee has reviewed the group's interim performance during the period[82] - The company has adhered to all provisions of the corporate governance code during the six-month period ending September 30, 2025[78] - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and risk management[81] - The interim results announcement and report are available on the company's and the stock exchange's websites, ensuring transparency[83] Employee and Operational Metrics - The group employed a total of 69 employees as of September 30, 2025, down from 95 employees a year earlier, with total employee compensation during the period amounting to approximately HKD 18.9 million[74] - The group plans to further optimize its logistics and distribution network by establishing long-term relationships with reputable logistics service providers[61] - The group aims to explore and commit to business diversification and development by 2025[61]

Revenue Performance - Revenue for the six months ended September 30, 2025, was HKD 366,561,000, a decrease of 15.2% compared to HKD 432,088,000 for the same period in 2024[3] - Total revenue decreased by approximately HKD 65.5 million or 15.2% to about HKD 366.6 million for the six months ended September 30, 2025, compared to HKD 432.1 million for the same period in 2024[44] - Revenue for the six months ended September 30, 2025, was approximately HKD 366.6 million, a decrease from HKD 432.1 million in the same period of 2024, attributed to a reduction in project numbers and sizes in the template market[24] - Revenue from private sector projects was approximately HKD 211.1 million, accounting for about 57.6% of total revenue, down from 75.1% in the previous year[44] - Revenue from public sector projects increased to approximately HKD 155.5 million, representing about 42.4% of total revenue, up from 24.9% in the previous year[44] Profitability - Gross profit for the same period was HKD 5,478,000, significantly up from HKD 1,496,000 in 2024, indicating a gross margin improvement[3] - The company reported a profit before tax of HKD 782,000, down from HKD 9,453,000 in the prior year, reflecting a decline of 91.7%[3] - The company reported a net profit attributable to shareholders of approximately HKD 0.8 million for the six months ended September 30, 2025, down 91.6% from HKD 9.5 million in the same period of 2024, primarily due to an increase in expected credit loss impairment of approximately HKD 13.2 million[30] - Profit attributable to owners of the company dropped by approximately HKD 8.7 million or 91.6% to about HKD 0.8 million for the six months ended September 30, 2025, from HKD 9.5 million for the same period in 2024[44] Impairment and Losses - The expected credit loss under the impairment model was HKD 13,206,000, a substantial increase from HKD 1,100,000 in the previous year[3] - Expected credit loss impairment increased from approximately HKD 1.1 million to about HKD 13.2 million[44] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 413,303,000, slightly down from HKD 417,597,000 as of March 31, 2025[4] - Current liabilities decreased to HKD 298,248,000 from HKD 303,056,000, indicating improved liquidity management[4] - The company’s net asset value increased to HKD 113,623,000 from HKD 112,841,000, showing a positive trend in equity[4] - Cash and cash equivalents decreased to HKD 92,390,000 from HKD 108,415,000, reflecting a tighter cash position[4] - Trade receivables increased to HKD 79.3 million as of September 30, 2025, from HKD 53.9 million as of March 31, 2025, with credit loss provisions rising significantly[22] - Trade payables rose to HKD 21.3 million as of September 30, 2025, compared to HKD 16.3 million as of March 31, 2025[23] Operational Efficiency - Administrative expenses increased by approximately 5.4% to HKD 9.8 million for the six months ended September 30, 2025, due to higher headquarters operating costs[28] - Total salary costs recognized in the income statement for the six months ended September 30, 2025, were approximately HKD 248.9 million, compared to HKD 263.3 million for the same period in 2024[43] - Strict cost control measures are being implemented on existing projects to enhance project management efficiency and workflow[46] Market and Strategy - The overall economic environment has led to a decrease in the total number of projects in the template market, resulting in reduced total revenue for the company[46] - The company is adopting a more competitive pricing strategy to increase its market share in the infrastructure template market[46] - The company continues to diversify its business scope by participating in template engineering for public housing and public facilities[46] - The company has been awarded 6 new tenders during the review period, with a total contract value of approximately HKD 290.6 million[45] Financing and Treasury - The company maintained a financing cost of HKD 1,529,000, slightly higher than HKD 1,424,000 in the previous year[3] - The company's bank borrowings were approximately HKD 9 million as of September 30, 2025, unchanged from March 31, 2025[32] - The capital-to-equity ratio as of September 30, 2025, was approximately 145.0%, slightly down from 146.6% as of March 31, 2025[32] - The company maintains a prudent funding and treasury policy, closely monitoring liquidity to meet funding needs[33] Employment - The total number of employees decreased to 1,512 as of September 30, 2025, from 1,578 a year earlier, primarily due to a reduction in the scale of existing template engineering projects[43]